STRA · Strategic Education, Inc.

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$87.62 +6.23 (+7.65%) At close · Jul 29

Market Cap

$1.84B

22.61M

Options Chain

15-min delayed Underlying $87.62 · at close Jul 29, 2026 Options Calculator

Positioning

Aug 21, 2026 · 22 days to expiry · 30 contracts

Put / call OI

1.79

Put-heavy positioning

Open interest

285

contracts outstanding

Volume

1,256

traded today

Max pain

$80.00

$7.62 below spot

ATM implied vol

33.8%

market's expected move

Open interest by strike

Calls Puts

100

105

110

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 22d Sep 18 50d Oct 16 78d Jan 15 169d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
0	—	—	—	—		—	-0.011	151.7%	—	0
Call · $40 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $40 Last — Breakeven — Implied vol 151.7% Delta -0.011 ≈1% ITM Gamma 0.001 Theta -0.021 Vega 0.007 Open interest 0 Model this put
0	—	124.1%	0.99	—		—	-0.013	130.7%	—	0
Call · $45 In the money Last — Breakeven — Implied vol 124.1% Delta 0.99 ≈99% ITM Gamma 0.001 Theta -0.014 Vega 0.007 Open interest 0 Model this call Put · $45 Last — Breakeven — Implied vol 130.7% Delta -0.013 ≈1% ITM Gamma 0.001 Theta -0.021 Vega 0.008 Open interest 0 Model this put
0	—	—	—	—		$0.10	-0.015	112.1%	20	21
Call · $50 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $50 Last $0.10 Breakeven $49.90 Implied vol 112.1% Delta -0.015 ≈2% ITM Gamma 0.002 Theta -0.021 Vega 0.008 Open interest 21 Model this put
0	—	—	—	—		—	-0.018	95.2%	—	0
Call · $55 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $55 Last — Breakeven — Implied vol 95.2% Delta -0.018 ≈2% ITM Gamma 0.002 Theta -0.02 Vega 0.009 Open interest 0 Model this put
0	—	—	—	—		—	-0.031	86.9%	—	0
Call · $60 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $60 Last — Breakeven — Implied vol 86.9% Delta -0.031 ≈3% ITM Gamma 0.004 Theta -0.029 Vega 0.018 Open interest 0 Model this put
0	—	58.2%	0.983	—		$0.59	-0.058	83.1%	1	1
Call · $65 In the money Last — Breakeven — Implied vol 58.2% Delta 0.983 ≈98% ITM Gamma 0.003 Theta -0.011 Vega 0.01 Open interest 0 Model this call Put · $65 Last $0.59 Breakeven $64.41 Implied vol 83.1% Delta -0.058 ≈6% ITM Gamma 0.007 Theta -0.047 Vega 0.033 Open interest 1 Model this put
1	1	—	—	$11.60		$0.15	-0.032	51%	3	14
Call · $70 In the money Last $11.60 Breakeven $81.60 Implied vol — Delta — Gamma — Theta — Vega — Open interest 1 Model this call Put · $70 Last $0.15 Breakeven $69.85 Implied vol 51% Delta -0.032 ≈3% ITM Gamma 0.006 Theta -0.018 Vega 0.02 Open interest 14 Model this put
35	26	—	—	$4.10		$2.90	-0.056	41.1%	2	65
Call · $75 In the money Last $4.10 Breakeven $79.10 Implied vol — Delta — Gamma — Theta — Vega — Open interest 35 Model this call Put · $75 Last $2.90 Breakeven $72.10 Implied vol 41.1% Delta -0.056 ≈6% ITM Gamma 0.013 Theta -0.022 Vega 0.02 Open interest 65 Model this put
34	3	39.5%	0.834	$6.00		$2.40	-0.156	38.1%	1	58
Call · $80 In the money Last $6.00 Breakeven $86.00 Implied vol 39.5% Delta 0.834 ≈83% ITM Gamma 0.029 Theta -0.048 Vega 0.055 Open interest 34 Model this call Put · $80 Last $2.40 Breakeven $77.60 Implied vol 38.1% Delta -0.156 ≈16% ITM Gamma 0.029 Theta -0.044 Vega 0.055 Open interest 58 Model this put
10	1	35.5%	0.653	$2.67		$10.40	-0.346	35.7%	1	8
Call · $85 In the money Last $2.67 Breakeven $87.67 Implied vol 35.5% Delta 0.653 ≈65% ITM Gamma 0.048 Theta -0.065 Vega 0.085 Open interest 10 Model this call Put · $85 Last $10.40 Breakeven $74.60 Implied vol 35.7% Delta -0.346 ≈35% ITM Gamma 0.048 Theta -0.064 Vega 0.085 Open interest 8 Model this put
Underlying $87.62
11	7	34.2%	0.394	$1.96		$15.90	-0.609	33.3%	1	14
Call · $90 Last $1.96 Breakeven $91.96 Implied vol 34.2% Delta 0.394 ≈39% ITM Gamma 0.052 Theta -0.065 Vega 0.088 Open interest 11 Model this call Put · $90 In the money Last $15.90 Breakeven $74.10 Implied vol 33.3% Delta -0.609 ≈61% ITM Gamma 0.054 Theta -0.061 Vega 0.088 Open interest 14 Model this put
1	1.2k	33.2%	0.176	$0.70		$16.70	-0.818	33.9%	1	1
Call · $95 Last $0.70 Breakeven $95.70 Implied vol 33.2% Delta 0.176 ≈18% ITM Gamma 0.036 Theta -0.042 Vega 0.061 Open interest 1 Model this call Put · $95 In the money Last $16.70 Breakeven $78.30 Implied vol 33.9% Delta -0.818 ≈82% ITM Gamma 0.036 Theta -0.041 Vega 0.06 Open interest 1 Model this put
10	5	34.9%	0.068	$0.10		$15.70	-0.841	50.2%	1	1
Call · $100 Last $0.10 Breakeven $100.10 Implied vol 34.9% Delta 0.068 ≈7% ITM Gamma 0.017 Theta -0.022 Vega 0.024 Open interest 10 Model this call Put · $100 In the money Last $15.70 Breakeven $84.30 Implied vol 50.2% Delta -0.841 ≈84% ITM Gamma 0.023 Theta -0.057 Vega 0.061 Open interest 1 Model this put
0	2	40.1%	0.037	$0.10		—	-0.885	57.2%	—	0
Call · $105 Last $0.10 Breakeven $105.10 Implied vol 40.1% Delta 0.037 ≈4% ITM Gamma 0.009 Theta -0.016 Vega 0.025 Open interest 0 Model this call Put · $105 In the money Last — Breakeven — Implied vol 57.2% Delta -0.885 ≈88% ITM Gamma 0.016 Theta -0.051 Vega 0.042 Open interest 0 Model this put
0	—	—	—	—		—	-0.898	67.6%	—	0
Call · $110 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this call Put · $110 In the money Last — Breakeven — Implied vol 67.6% Delta -0.898 ≈90% ITM Gamma 0.012 Theta -0.055 Vega 0.043 Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1013934 CUSIP 86272C103 13F (30d) 54 filings 54 filers Visit website Investor relations